Office Space Rental Grand Central

Grand Central Office Rental | East 42nd Street - $59 / 1370 SF.

This Boutique Building contains an office rental that is in excellent condition, the landlord is scehuled to repaint and carpet the space. The lease offers an exceptional opportunity for a small commercial tenant who needs to be in a prestigious building along with an impressive address. The space herein is currently divided into two areas (2 windowed private offices and an open space), but the landlord will build to suit for a 5 year term or greater. Additionally you stand to benefit not only from the location but also the quality of standard, being housed in a full service class A building you'll come to enjoy all the best amenities and features that such a property has to offer. Today the building's halls and passenger elevators are undergoing a complete renovation which was completed in 2016. Otherwise the beautiful landmark property has a restored art deco lobby, and offers concierge, 24/7 access, new wiring, freight access and it is located very close to Grand Central.

Neighoborhood Information
Midtown Manhattan, or simply Midtown, represents the middle lengthwise portion of the borough and island of Manhattan in New York City. Midtown is home to some of the city's most iconic buildings, including the Empire State Building, the Chrysler Building, and the headquarters of the United Nations.

Midtown Manhattan is the largest central business district in the United States and ranks among the most intensely used pieces of real estate in the world.

Even as some buildings in the core of Midtown are seeing modest rents, the average asking rent for the market overall rose substantially. In Midtown, the city's premier office market, the average taking rent inked with landlords was $75.73 per square foot. Taking rents are increasing as the high end of the market improves, drawing the overall averages upward, but in older buildings in some areas, rents have stalled. Grand Central and the East Side, they are flat year-over-year. Grand Central [for example] tends to be a value play. The availability rate is up slightly in Midtown due to large new availabilities along the Third Avenue and Park Avenue corridors...